How many total Finance & Accounting Tech companies are there in Sweden?

As of May 2026, Sweden has 173 active Finance & Accounting Tech companies.

How many Finance & Accounting Tech companies in Sweden are funded?

As of May 2026, 65 companies have received funding in this sector.

What is the total funding raised by Finance & Accounting Tech companies in Sweden?

Finance & Accounting Tech companies in Sweden have collectively raised $188M in funding till date.

Which is the highest funded Finance & Accounting Tech company in Sweden?

As of May 2026, Billogram has raised $68.6M in funding, highest among the funded Finance & Accounting Tech companies in Sweden.

List of 189 Finance & Accounting Tech Startups in Sweden & Market Trends (May 2026)

Q: Who are the top investors in Finance & Accounting Tech companies in Sweden?

The top investors in Finance & Accounting Tech companies in Sweden by number of investments are Creandum and Northzone.

The Finance & Accounting Tech sector in Sweden comprises 189 companies, including 65 funded companies having collectively raised $188M in venture capital money and private equity. Out of these, 50 are Series A+ funded.

Finance & Accounting Tech sector in Sweden has seen 29 acquisitions and 7 IPOs. This represents almost 19.0% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.

This sector includes tools or software for automating functions of finance and accounting department of an organization.

Finance & Accounting Tech sector is also known as F&A Tech or accounting tech.

All the software solutions helping companies manage their finance and accounting functions will be covered in the feed. This will include all the legacy software companies be it on-premise licensed or cloud-based software. The outsourcing companies will be included only if they either have in-house proprietary software or marquee customers or heavily funded. Financing companies will be covered only if they provide a software for one or more accounting functions. Companies providing digitization of paper-based financial documents will be covered under enablers. Pure play services firm that offers accounting related services, Companies focused only on financing will not be covered. Companies providing solutions for any specific sector are not covered are excluded.

Key Metrics

Total Companies

189

Top Companies

Kivra, Grasp & more

Total Funding

$188M

Funded Companies

Series A+ Companies

Series C+ Companies

IPOs

Acquisitions

Also known as

F&A Tech or accounting tech

View complete details of this sector

There are 189 Finance & Accounting Tech startups in Sweden which include Kivra, Grasp, Fortnox, Kodiak Hub, Pagero. Out of these, 65 startups are funded, with 50 having secured Series A+ funding.

Over the past 10 years, an average of 7 new companies have been launched annually. Notably, several of these startups have been founded by alumni of London School of Economics and Political Science and University of Bristol.

1. Kivra

Provider of a digital platform for receiving and managing documents. The platform enables users to receive digital mail from connected companies and organizations. It offers services such as digital receipts, invoice management, and secure document storage. The platform facilitates shared access to inboxes for collaborative management.

Key facts about Kivra

Founded Year: 2010
Location: Stockholm (Sweden)
Stage: Series A
Total Funding till date: $11.1M
Investors: FAM, WhiteSpot Venture Capital and 1 Other
Latest Funding Round: Series A, Dec 18, 2017, $*****
Tracxn Score: 67/100 What is this?
Competitors Rank: 1 of 212 Competitors

2. Grasp

Key facts about Grasp

Founded Year: 2020
Location: Stockholm (Sweden)
Stage: Series A
Total Funding till date: $9M
Investors: Octopus Ventures, Yanno Capital and 3 Others
Latest Funding Round: Series A, Oct 28, 2025, $*****
Tracxn Score: 63/100 What is this?

View full list of companies in this sector

3. Fortnox

Fortnox offers web-based software for accounting, billing, direct debit, quote / order, pay, time tracking, asset register, CRM Sales support and Archive Location. Users can perform various functions like issue and manage invoices, track payslips, recurring billing implementation, create quotes etc. Pricing starts at 198kr/month. Fortnox AB (publ), listed on NGM Nordic MTF, performs with the authorization from the Annual General Meeting 2008 a directed share issue of SEK 6 million to Case Asset Management.

Key facts about Fortnox

Founded Year: 2001
Location: Vaxjo (Sweden)
Stage: Public
Total Funding till date: $1.54M
Investors: EQT and Aggregate Media
Latest Funding Round: Post IPO, 2025, $*****
Tracxn Score: 61/100 What is this?
Competitors Rank: 28 of 3,439 Competitors

4. Kodiak Hub

Provider of web-based supplier relationship management solutions. It includes risk assessment, performance evaluation, supplier scorecards, supplier onboarding, financial & self-assessment, contract management, etc.

Key facts about Kodiak Hub

Founded Year: 2014
Location: Stockholm (Sweden)
Stage: Series B
Total Funding till date: $11.3M
Investors: Oxx and Blq Invest
Latest Funding Round: Series B, Nov 20, 2024, $*****
Tracxn Score: 52/100 What is this?
Competitors Rank: 39 of 519 Competitors

5. Pagero

Cloud-based account payable & receivable solutions for businesses. It offers e-ordering and e-invoicing capabilities, which are independent of ERP system, industry, and transaction volume. Its e-ordering solution manages the entire procurement order flow of a business in one system. It also presents and manages the invoicing process in a single dashboard.

Key facts about Pagero

Founded Year: 2000
Location: Gothenburg (Sweden)
Stage: Acquired
Investors: Summa Equity and Europa
Latest Funding Round: Grant (prize money), May 01, 2018, $*****
Tracxn Score: 51/100 What is this?
Competitors Rank: 19 of 818 Competitors

Access the full list of 189 Finance & Accounting Tech Startups in Sweden

Companies founded year-on-year in the Finance & Accounting Tech sector in Sweden

13 Finance & Accounting Tech startups in Sweden were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	-
2024	3
2023	9
2022	7
2021	12
2020	12
2019	13
2018	9
2017	9

Stage-wise distribution of Finance & Accounting Tech sector companies in Sweden

Out of the total 189 Finance & Accounting Tech companies in Sweden, 65 have secured funding. Among them, 50 have reached Series A or higher, and 41 to Series B or beyond.

Founded - 189

Funded - 65

Series A+ - 50

Series B+ - 41

Series C+ - 37

Company Stage	No. of companies
Founded	189
Funded	65
Series A+	50
Series B+	41
Series C+	37

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Total funding year-on-year in the Finance & Accounting Tech sector in Sweden

The Finance & Accounting Tech sector in Sweden saw a total funding of more than $181M in the last 10 years. The most amount of funding was in 2021 at more than $51.7M.

Total Funding

Year	Total Funding
2025	$10.7M
2024	$13M
2023	$6.65M
2022	$41.9M
2021	$51.7M
2020	$8.19M
2019	$10.9M
2018	$57.3K
2017	$16.1M

Recent Funding Rounds in Finance & Accounting Tech in Sweden

In the year 2025, till October 2025, Finance & Accounting Tech companies in Sweden have raised $10.7M in equity funding across 3 rounds. In the same period last year (i.e. till June 2024), Finance & Accounting Tech companies in Sweden had raised $6.65M across 4 rounds. So, 2025 has seen a 61.01% rise in funding in Finance & Accounting Tech companies in Sweden as compared to 2024.

Here are some recent, important funding rounds in Finance & Accounting Tech companies in Sweden:

Company	Round Raised	Amount Raised	Funding Date	Investors
Grasp	Series A	7563	Oct 28, 2025	Octopus Ventures and 1 more
PayZlip	Seed	4306	Mar 25, 2025	-
Bluebook	Seed	1263	Feb 13, 2025	Y Combinator and 4 more
Kodiak Hub	Series B	2795	Nov 20, 2024	Oxx
Bluebook	Seed	7011	2024	EQT

See a more detailed list of funding rounds

Creandum is the top investor in Finance & Accounting Tech companies in Sweden based on number of companies invested.

Here are some top investors in Finance & Accounting Tech companies in Sweden:

Investor	Location	Top Portfolio Companies
Creandum	Stockholm (Sweden)	Bokio and TrustWeaver
Northzone	London (United Kingdom)	-
Atomico	London (United Kingdom)	-
Cherry Ventures	Berlin (Germany)	-
Connect Ventures	London (United Kingdom)	-

See a more detailed list of investors

In the year 2025, till September 2025, 1 acquisition happened in Finance & Accounting Tech sector in Sweden. Last year, in 2024, a total of 4 acquisitions happened in Finance & Accounting Tech sector in Sweden.

Here are some recent, important acquisitions in Finance & Accounting Tech sector in Sweden:

Company	Acquisition Type	Acquisition Date	Acquirers
Nordkap	Business Acquisition	Sep 05, 2025	Onefin
Ekonomernas Hus	Business Acquisition	Nov 15, 2024	-
Wint	Business Acquisition	Nov 06, 2024	Norvestor
BRF Ekonomen	Business Acquisition	Sep 13, 2024	Nabo
Pagero	Business Acquisition	Jan 15, 2024	Thomson Reuters

See a more detailed list of acquisitions

Acquisition trends in Finance & Accounting Tech sector in Sweden

Here are the acquisition trends in Finance & Accounting Tech sector in Sweden:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	1
2024	4
2023	3
2022	5
2021	5
2020	1
2019	4
2018	1
2017	1

In the year 2014, till March 2014, 1 IPO happened in Finance & Accounting Tech sector in Sweden.

Here are some recent, important IPOs in Finance & Accounting Tech sector in Sweden:

Company	IPO Date	Exchange Symbol
PromikBook	Mar 17, 2014	New York Stock Exchange (NYSE)
Fortnox	Sep 07, 2012	Stockholm Stock Exchange (STO)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Finance & Accounting Tech in Sweden

Most number of Finance & Accounting Tech startups in Sweden have been founded by alumni from London School of Economics and Political Science and University of Bristol.